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Topic: Economy of Luxembourg

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	Economy of Luxembourg - Wikipedia, the free encyclopedia
		The economy of Luxembourg is largely dependent on the banking and steel sectors.
		Although Luxembourg in tourist literature is aptly called the "Green Heart of Europe", its pastoral land coexists with a highly industrialized and export-intensive economy.
		A key event in the economic history of Luxembourg was the 1876 introduction of English metallurgy.
	en.wikipedia.org /wiki/Economy_of_Luxembourg (979 words)

	Luxembourg - Wikipedia, the free encyclopedia
		Luxembourg's independence was confirmed in 1839, but it was not formally ratified until 1867, after the Luxembourg crisis nearly led to war between Prussia and France.
		Luxembourg is one of the smallest countries in Europe.
		The linguistic situation in Luxembourg is characterized by the practice and the recognition of three official languages: French, German and Luxemburgish, a Franconian language of the Moselle region similar to German.
	en.wikipedia.org /wiki/Luxembourg (839 words)

	Economy - Luxembourg - Europe
		Luxembourg is one of the world’s most industrialized countries and has a high standard of living.
		The monetary unit of Luxembourg is the single currency of the EU, the euro (1.07 euros equal U.S. $1; 1999 average).
		Luxembourg is among 12 EU member states to adopt the euro.
	www.countriesquest.com /europe/luxembourg/economy.htm (467 words)

	Wikinfo \| Luxembourg (Site not responding. Last check: 2007-10-16)
		The [Grand duchyGrand Duchy]] of Luxembourg (also Luxemburg) is a landlocked country in north-west Europe, bordered by France, Germany and Belgium.
		Founded in 963, Luxembourg became a grand duchy in 1815 and an independent state under the Netherlands.
		Luxembourg's southern and eastern borders are formed by a number of rivers, among which the largest is the Moselle.
	www.wikinfo.org /wiki.php?title=Luxembourg (532 words)

	Luxembourg: Country Commercial Guide - 1999 (Site not responding. Last check: 2007-10-16)
		Luxembourg is the smallest member nation of the European Union, and is situated between France, Germany and Belgium "in the Heart of Europe." With the world's highest GDP per capita, continuous economic growth over the past ten years, low inflation, and virtually no unemployment, Luxembourg's economy is strong and diversified.
		Luxembourg law regards unfair trading as any act which is contrary to the honest practices of industry or trade, or any agreement by which a trader, industrialist or craftsman attempts to win away part of a competitor's customer base or to reduce his competitiveness.
		Luxembourg is considered a tax haven due to its bank secrecy, absence of exchange controls, lack of withholding on interest, and politically stable environment.
	www.mac.doc.gov /tcc/data/commerce_html/countries/Countries2/Luxembourg/CountryCommercial/1999/luxem99tcc.html (15859 words)

	The economy (from Luxembourg) -- Encyclopædia Britannica (Site not responding. Last check: 2007-10-16)
		Luxembourg's prosperity was originally based on the iron and steel industry, which in the 1960s represented as much as 80 percent of the total value of exports.
		The province is bounded by the Grand Duchy of Luxembourg (east), France (south), and the provinces of Namur (west) and Liège (north).
		Luxembourg city is situated on a sandstone plateau into which the Alzette River and its tributary, the Petrusse, have cut deep, winding ravines.
	www.britannica.com /eb/article-23430 (853 words)

	Luxembourg - Gurupedia
		The recorded history of the Grand Duchy of Luxembourg begins with the construction of Luxembourg Castle in the middle ages.
		Luxembourg's eastern border is formed by two rivers, the Moselle and the Our.
		The language of Luxembourg is Luxembourgish, a blend of old German and Frankish elements.
	www.gurupedia.com /l/lu/luxembourg.htm (500 words)

	The Grand Duchy of Luxembourg
		The Grand Duchy of Luxembourg, a constitutional monarchy, is an independent sovereign state, tucked between Belgium, France and Germany (cf Luxembourg in Europe map).
		Luxembourg) starts in the year 963, when Siegfried, Count of the Ardennes, and founder of the Luxembourg Dynasty, had a castle built on the territory of the present-day capital of Luxembourg.
		Luxembourg as an international centre numbers more than 14000 domiciled Holding Companies, some 8500 investment funds, and 220 banks which represent the greatest banking concentration in the European Union.
	www.luxembourg.co.uk /nutshell.html (1750 words)

	EUguides - Luxembourg - EUbusiness - EU law, politics and finance (Site not responding. Last check: 2007-10-16)
		Luxembourg is one of the founding countries of the European Union.
		Luxembourg's external interests are centred on the EU, where the Government tends to favour integrationist proposals.
		Luxembourg held the Presidency of the EU prior to the UK, from January to June 2005.
	www.eubusiness.com /guides/luxembourg/view (512 words)

	Luxembourg Economy
		Although Luxembourg is aptly described as the "Green Heart of Europe" in tourist literature, its pastoral land coexists with a highly industrialized and export-intensive economy.
		In 1876, English metallurgist Sidney Thomas invented a refining process that led to the development of the steel industry in Luxembourg and the founding of the Arbed company in 1911.
		The Department of Commerce's Bureau of Economic Analysis reports that total U.S. direct investment in Luxembourg (on a historical cost basis) was nearly $67 billion at the end of 2003.
	www.traveldocs.com /lu/economy.htm (670 words)

	Luxembourg (10/04)
		Although Luxembourg considers 1835 (Treaty of London) to be its year of independence, it was not granted political autonomy until 1839 under King William I of the Netherlands, who also was the Grand Duke of Luxembourg.
		Luxembourg maintains an embassy in the United States at 2200 Massachusetts Avenue, NW, Washington, DC 20006 (tel.
		Luxembourg is a member of the Benelux Economic Union and was one of the founding members of the European Economic Community (now the European Union).
	www.state.gov /outofdate/bgn/l/47497.htm (2119 words)

	Index of Economic Freedom 2004 - Countries (Site not responding. Last check: 2007-10-16)
		Recently, the economy has experienced a significant downturn, and there is little chance that Luxembourg will return to the strong growth rates of the 1990s.
		Luxembourg’s top income tax rate is 38.95 percent (38 percent plus a 2.5 percent surcharge).
		It aims to promote the Luxembourg economy and to facilitate both investments and exports through credits and guarantees.” Banking is one of Luxembourg’s largest industries; its 178 banks from more than 20 countries accounted for approximately 15 percent of GDP in 2000.
	cf.heritage.org /index2004test/country2.cfm?id=Luxembourg (972 words)

	Economy and Investment in Luxembourg
		Luxembourg is divided into two parts, geologically: the 'Oesling' in the north, part of the Ardennes, which covers about one third of the country, is wooded and scenically very attractive, reaching 555 metres above sea level; the 'good country' to the south is mainly rolling farmland and woods, reaching 426 metres above sea level.
		Luxembourg held the presidency of the Union from January to June of 2005.
		Luxembourg law reflects the country's history: most civil and commercial law is French in origin, while company and penal law has Belgian roots, and direct taxes are essentially those introduced by the Germans during their occupation of the country in the Second World War.
	www.lowtax.net /lowtax/html/jlxcfir.html (1980 words)

	Consulate General of Luxembourg NY (Site not responding. Last check: 2007-10-16)
		Withholding rates on investment income in the new convention are generally the same as those in the previous treaty, with all U.S. source and most Luxembourg source direct investment dividends subject to a 5 percent tax.
		In addition, the new convention stipulates that Luxembourg source dividends will be exempt from source taxation if these dividends are accrued by a 25 percent shareholder of a company actively engaged in conducting a trade or business in Luxembourg.
		Similarly, Luxembourg exempts income or capital derived by a resident of Luxembourg that may be taxed in the U.S. under the treaty provision.
	www.luxembourgsf.org /news/new_lux.html (335 words)

	Luxembourg -- The 2002 Index of Economic Freedom, The Heritage Foundation (Site not responding. Last check: 2007-10-16)
		As a result, it is not surprising that U.S.-sourced foreign direct investment in Luxembourg is the highest, on a per capita basis, in the world outside of North America.
		Luxembourg, for example, has attracted fierce criticism from the German and French governments for alleged "tax dumping," and a major effort, spearheaded by other more statist EU countries, to do away with some of Luxembourg's banking secrecy laws is now underway.
		Luxembourg is creating a legal infrastructure to accommodate e-commerce in order to maintain its predominant position as an international finance center.
	cf.heritage.org /index/country.cfm?ID=89.0 (1006 words)

	Luxembourg on Encyclopedia.com (Site not responding. Last check: 2007-10-16)
		Luxembourg is drained by the Sûre (Sauer) and Alzette rivers, both tributaries of the Moselle (Mosel), which forms part of its eastern border.
		Luxembourg's grand duke is the titular head of state; the head of government is the prime minister, who is aided by a council of ministers.
		The county of Luxembourg (originally Lützelburg), extending between the Meuse and Moselle rivers and including the Luxembourg province of Belgium, was one of the largest fiefs in the Holy Roman Empire.
	www.encyclopedia.com /html/L/Luxembou.asp (1720 words)

	The Film Fund Luxembourg : Economy and Policy
		The financial services sector is by far the most significant in terms of employment (over 50,000 workers) and contribution to the economy (38 percent of GDP), but that does not mean that Luxembourg has put all its eggs in one basket.
		Thus satellite operator SES Global and broadcaster RTL Group have become as significant to the economy and Luxembourg's reputation as a centre of excellence as was former steel giant Arbed (now merged into Arcelor, the world's largest steel corporation which has its administrative headquarters in Luxembourg City).
		Indeed, the quality of those employed in the audiovisual industry is proof that Luxembourg's multinational workforce is adaptable and keen to rise to new challenges.
	www.filmfund.lu /filmfund.lu/cu/tluxc/eandp/index.php (296 words)

	economy of luxembourg - Article and Reference from OnPedia.com
		The refining process led to the development of the steel industry in Luxembourg and the 1911 founding of the Arbed company, now the second-largest steel producer in Europe.
		Political stability, good communications, easy access to other European centers, skilled multilingual staff, and a tradition of banking secrecy have all contributed to the growth of the financial sector.
		The European Investment Bank -- the financial institution of the Union -- also is located there.
	www.onpedia.com /encyclopedia/economy-of-luxembourg (855 words)

	MapZones.com : Luxembourg Economy (Site not responding. Last check: 2007-10-16)
		The stable, high-income economy features solid growth, low inflation, and low unemployment.
		The economy depends on foreign and trans-border workers for 30% of its labor force.
		Luxembourg has a custom union with Belgium and the Netherlands, and, as a member of the EU, enjoys the advantages of the open European market.
	www.mapzones.com /world/europe/luxembourg/economyindex.php (289 words)

	Luxembourg (07/05)
		While Luxembourg is aptly described as the "Green Heart of Europe" in tourist literature, its pastoral land coexists with a highly industrialized and export-intensive economy.
		Luxembourg's trade account has run a persistent deficit over the last decade (-36772 million EUR in 2004), but the country enjoys an overall balance-of-payment surplus, due to revenues from financial services.
		Luxembourg held the EU Presidency in the first half of 2005.
	www.state.gov /r/pa/ei/bgn/3182.htm (2801 words)

	AllRefer.com - Luxembourg, grand duchy, W Europe : Economy (Benelux Political Geography) - Encyclopedia
		Iron ore made the fortune of modern Luxembourg, and although its ores are now depleted, the steel industry continues, using iron imported from France.
		Tourism is also important, and Luxembourg derives great economic benefits as a center for many European Union functions, including the European Investment Bank and the European Court of Justice.
		Belgium, Germany, Great Britain, and other European Union nations are the principal trading partners of Luxembourg, which has one of the highest per capita incomes in the world.
	reference.allrefer.com /encyclopedia/L/Luxembou-economy.html (285 words)

	globalEDGE (TM) \| country insights - Economy of Luxembourg (Site not responding. Last check: 2007-10-16)
		In 2003, there were 167 banks in Luxembourg, with 23,300 employees.
		The government-backed Luxembourg satellite company Sociét?Européenne des Satellites (SES) was created in 1986 to install and operate a satellite telecommunications system for transmission of television programs throughout Europe.
		ASTRA 1H is the most advanced satellite with a return channel capacity in the Ka band frequency range enabling two-way satellite communications directly to users?terminals.
	globaledge.msu.edu /ibrd/CountryEconomy.asp?CountryID=62&RegionID=2 (622 words)

	Economy of Luxembourg - Wikipedia, the free encyclopedia (Site not responding. Last check: 2007-10-16)
		The refining process led to the development of the steel industry in Luxembourg and the 1911 founding of the company, now the second-largest steel producer in Europe.
		The European Investment Bank—the financial institution of the European Union—also is located there.
		The current value of U.S. direct investment is almost $1.4 billion, on a per capita basis--the highest level of U.S. direct investment outside of North America.
	www.collegestation.us /project/wikipedia/index.php/Economy_of_Luxembourg (969 words)

	Luxembourg - Economy
		This stable, high-income economy - in between France, Belgium, and Germany - features solid growth, low inflation, and low unemployment.
		The economy depends on foreign and cross-border workers for more than 30% of its labor force.
		Although Luxembourg, like all EU members, has suffered from the global economic slump, the country enjoys an extraordinarily high standard of living - GDP per capita ranks first in the world.
	www.exxun.com /Luxembourg/e_ec.html (535 words)

	Luxembourg Map
		Luxembourg Tourist Office in London, Information on the Grand Duchy of Luxembourg...
		Zeal - Luxembourg map - Human written reviews of their fine web sites in a huge number of categories.
		Luxembourg Map results at Excite - Now gathers results from the top engines and directories.
	www.inneans.com /maps/Luxembourg-map.html (461 words)

	Overview of the Luxemburger economy - EUbusiness - EU law, politics and finance (Site not responding. Last check: 2007-10-16)
		The economy of Luxembourg takes on the appearance of "top student" in the European class because of its absence of a budgetary deficit and an almost non-existent rate of inflation.
		The economy of Luxembourg takes on the appearance of "top student" in the European class because of its absence of a budgetary deficit, an almost non-existent rate of inflation and an unemployment rate of less than 5% of the active population.
		Banking is the economic sector that provides the highest employment in Luxembourg.
	www.eubusiness.com /Luxembourg/25583 (168 words)

	Additional Reading (from Luxembourg) -- Encyclopædia Britannica
		et al., Luxembourg (1984), in French, a well-illustrated work covering history, politics, ethnography, language and literature, natural history, and economy.
		Studies of the geography and economy of Luxembourg include
		Visual presentations of the land and of data on the country may be found in
	www.britannica.com /eb/article-23443 (902 words)

	GENELUX: Grand Duchy of Luxembourg (Site not responding. Last check: 2007-10-16)
		Map of Luxembourg from the University of Texas at Austin Perry-Castaneda Library.
		June 23rd is Luxembourg's National Day and the Official Birthday of the Grand Duke.
		General information about Luxembourg from IST (Institut Supérieur de Technologie) which includes an overview of Luxembourg's geography, history, economy, population and languages.
	www.eskimo.com /~lisanne/lux.htm (461 words)

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